Assess how much savings you will need. Funding an education is hard enough even today, with costs increasing more than salary inflation it will be even tougher. Select a few courses and study pathways, then compare and evaluate the expected average costs by factoring the inflation rate (assumed at 10% per annum).
Balance your objectives and principal considerations When it comes to investing for a goal, you should clearly assess your financial capacity and weigh it with your willingness to take risk as well as type of risk(s). It’s important as investing in an Investment-Linked Takaful plan is a long term commitment.
Capacity: Time horizon, financial situation
Willingness: Investment objective, risk tolerance, attitude to risk